Unmortgageable Property

When most people buy a property they'll use a mortgage to help finance the purchase. The lender secures the loan against the property so they know they can get their money back even if you don't make your mortgage payments.

But... What happens if the  lender isn't comfortable accepting the property as security? This may happen if the property's in extremely poor condition or has serious issues with it.

Well, if people can't get a mortgage on your property, they can't buy it... And if most buyers can't afford to buy it you have a real problem on your hands. You may end up having to sell the property at a discount to a cash buyer if you can't fix the issues yourself. Many homeowners come to us for our we buy any house service, and selling via auction can be an alternative too.

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